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democrats are professionals about big korbel government -- porkbarrel government. instead of the cheap imitation of the republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream mediahas been talkg about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely unrelated to the tea party movement. i left there because i had serious concerns about the ethical and moral behavior of the senior leadership. i don't particularly want to discuss that at length. i think you will be resolved. i am consoled by my certn knowledge that time will heal all wounds and this will be all sorted out. but it has nothing to do with with john boehner's misguided sense, his colleagues, all of who were elected as republicans on the republican ticket. or the notion that peole have been dreaming about since 2009, that the tea party will dry up. tea party activists are
democrats are professionals about big korbel government -- porkbarrel government. instead of the cheap imitation of the republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream mediahas been talkg about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely...
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Nov 29, 2012
11/12
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FBC
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we can put people to work, it raises revenues of the government. it raises people's individual choices how they spend their money, how they live, where they live, what they do. remember, we have a gdp based on 70% of the consumer spending. liz: okay. >> disposable income becomes critical obviously. when you look at job growth, since 1980 the kauffman foundation did a study from 1980 to 2005. all net new jobs came from businesses that were less than five years old. it speaks to america's on the on theal bent and talent. liz: of course. let me jump in because we're running out of time but a quick sort of what everybody might be thinking about fort lee, new jersey, or aspen in downtown in colorado there are empty storefronts. where are you seeing strongest activity? >> we're seeing those with right attributes and demographics. they have growth. they have employment stability. it is all about employment. if you want community to do well and markets to do well it all comes back to healthy employment. liz: coldwell banker commercial ceo, billly redmond.
we can put people to work, it raises revenues of the government. it raises people's individual choices how they spend their money, how they live, where they live, what they do. remember, we have a gdp based on 70% of the consumer spending. liz: okay. >> disposable income becomes critical obviously. when you look at job growth, since 1980 the kauffman foundation did a study from 1980 to 2005. all net new jobs came from businesses that were less than five years old. it speaks to america's...
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>> the government does not need any more money, the country needs less government. neil: what do you think with what john boehner has come up with? that was his opening offer. >> it makes no sense to negotiate with ours when a president has not put a sious offer on the table. we need to remind americans, we do not need to take more money from the economy and give it to incomincompetent politicians and bureaucrats, we're not talking about revenue problem, we have doubled our spending but they' more money, and they want republicans to vote to pay for obama's welfa state, we did not vote for it. neil: you would not -- you would not support a hike in taxes in anyway shape or form? >> no but we will get more revenue if we reform our tax code and a pro-growth way, 3/10 of 1% will generate more revenue than what president obama is taxing about what he says tax the rich, his proposal does not add a drop in the buckie on the our problem. this is not a plan or a solution, this is a political trophy, to the left. and republicans should not go along with it. neil: u know, senat
>> the government does not need any more money, the country needs less government. neil: what do you think with what john boehner has come up with? that was his opening offer. >> it makes no sense to negotiate with ours when a president has not put a sious offer on the table. we need to remind americans, we do not need to take more money from the economy and give it to incomincompetent politicians and bureaucrats, we're not talking about revenue problem, we have doubled our spending...
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Dec 4, 2012
12/12
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CNBC
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casino stocks also under pressure on worries that the chinese government is increasing scrutiny over some of the macao casinos. oracle declared an accelerated second, third and fourth quarter dividend totaling 18 cents per share of outstanding common stock. this announcement comes ahead of a folks dividend tax increase next year. back to you. >> seem marks thank you. power run down time. joining us, cnbc's kayla tausche, john carney. start with a new study finding high-frequency stragd hurting traditional largely retail investors taking away profits. another sign this is a threat to investors. kayla, should we be surprised that the pros are lunching once again? >> talked about this so much, tyler. what i found interesting about this study, it tried to quantify the advantage, saying in the future's market, high-frequency trade hearse tradeers had a $5 contract. i'm worried about the volatility overall. >> a sign of something nefarious going on or the stupid of retail investors try go into this game? >> it doesn't measure the benefit bus the looks at the cost. there is a lot more lick
casino stocks also under pressure on worries that the chinese government is increasing scrutiny over some of the macao casinos. oracle declared an accelerated second, third and fourth quarter dividend totaling 18 cents per share of outstanding common stock. this announcement comes ahead of a folks dividend tax increase next year. back to you. >> seem marks thank you. power run down time. joining us, cnbc's kayla tausche, john carney. start with a new study finding high-frequency stragd...
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Dec 6, 2012
12/12
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MSNBCW
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it's possible we'll see forbearance on the part of the federal government? >> potentially. >> been doing phenomenal reporting on this issue. thanks for your time. a crash course is how now level at a time a meal for four people. that's up next. [ woman ] too weak. wears off. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. the end of trial and error has arrived. try a free sample at eucerinus.com. the end of trial and error has arrived. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. than giving her a diamond is surprising her with one. save the surprise. shop online and ship to any zales store free. only at the diamond store. ♪ i'm lost in the light hi, i'm ensure clear
it's possible we'll see forbearance on the part of the federal government? >> potentially. >> been doing phenomenal reporting on this issue. thanks for your time. a crash course is how now level at a time a meal for four people. that's up next. [ woman ] too weak. wears off. [ female announcer ] stop searching and start repairing. eucerin professional repair moisturizes while actually repairing very dry skin. the end of trial and error has arrived. try a free sample at...
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Dec 5, 2012
12/12
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CNNW
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a new gallup poll shows 62% want government leaders to compromise on the fiscal cliff. just 25% said they should stick to their principles. so why is it that this congress and this white house can't seem to get together and compromise on a deal? it certainly isn't the first time republicans and democrats haven't seen eye-to-eye on an important issue but the players in this debate seem to be almost allergic to budging even a little bit. republican senator john mccain says it hasn't always been that way and it's time for both sides to sit down together. >> it's time now to sit across the table from one another rather than me saying what i could accept and wouldn't accept, why don't we have the president and our leaders, republican and democrat, sit across the table the way they did with bill clinton, the way they did with ronald reagan, and the way you get things done in washington, rather than saying hey, would you stick with grover norquist or would you not or would you address entitlements or not. i believe it's vital that we address the entitlements, who are the eleph
a new gallup poll shows 62% want government leaders to compromise on the fiscal cliff. just 25% said they should stick to their principles. so why is it that this congress and this white house can't seem to get together and compromise on a deal? it certainly isn't the first time republicans and democrats haven't seen eye-to-eye on an important issue but the players in this debate seem to be almost allergic to budging even a little bit. republican senator john mccain says it hasn't always been...
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Dec 7, 2012
12/12
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FOXNEWS
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we need to limb the size of government. if you truly believe these things, then you say it's not just about imposing damage on the middle class, the poor who rely on social safety net programs. you have to say the rich have to have some skin in the game. >> hang on one second. >> and they do, they do. >> hang on, hang on. >> and it in terms of tax rates in this country. >> hold on. one sec. i want to ask juan a question. why won't the president negotiate all of this at the same time in because the president is saying give me what i want and then maybe next year we'll talk about what you want and we all know that's not going to happen. >> i don't think that's true. >> very true. >> from what i understand in washington, the president is saying what is critical is that republicans have to stop being inflection i believe by protecting the top two percent and sacrificing the rest of us. and if they do something about taxes on the very rich we can then talk about what spending cuts will be put in place. >> david. >> it's not fair
we need to limb the size of government. if you truly believe these things, then you say it's not just about imposing damage on the middle class, the poor who rely on social safety net programs. you have to say the rich have to have some skin in the game. >> hang on one second. >> and they do, they do. >> hang on, hang on. >> and it in terms of tax rates in this country. >> hold on. one sec. i want to ask juan a question. why won't the president negotiate all of...
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Dec 6, 2012
12/12
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WTTG
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when it comes to government spending, the gop has the edge. to help balance the budget, spending cuts should take precedence over tax hikes, 46 to 30%. and leaders in congress who met with business leaders say they have already offered to raise tax by cutting deductions and the president has yet to counter their proposal. >> i'll be here and available at any moment to sit down with the president if he gets serious about solving this problem. >> it's possible the white house may be bluffing, the administration did order the pentagon to consider the big cuts in military spending that would happen if we don't reach an agreement. in washington, doug luzader, fox news. >> stocks closed mostly higher as wall street remains optimistic. but the economy will get a fresh update when the labor department released the november unemployment report. >> our big story here at home, police in fairfax county continue to investigate a disturbing find. >> a gun was found inside one of student's lockers. school officials ensure parents the kids were never at risk.
when it comes to government spending, the gop has the edge. to help balance the budget, spending cuts should take precedence over tax hikes, 46 to 30%. and leaders in congress who met with business leaders say they have already offered to raise tax by cutting deductions and the president has yet to counter their proposal. >> i'll be here and available at any moment to sit down with the president if he gets serious about solving this problem. >> it's possible the white house may be...
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Dec 1, 2012
12/12
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MSNBCW
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government from doing it. the father sued to say in advance that his son should be arrested instead of killed on the spot if he was found, but he was found and he was just killed on the spot with a missile. u.s. citizen. then a month later, we killed his 16-year-old son too. also an american citizen. same cause of death. we have done things in the past decade or so that if you asked anybody in advance of us starting to behave this way, whether the united states would be a country that behaved this way, no one could have predicted that. the response of a massive terrorist attack in 2001 would be we would declare we were at war. congress passed an authorization of military force against the group that attacked us and associated forces. and the power granted by that authorization to use force undergirds a lot of the things we have done. things that constitute unimaginable behavior for the united states of america. we're on a war footing. and is that war footing forever? that's the question, right? when does it en
government from doing it. the father sued to say in advance that his son should be arrested instead of killed on the spot if he was found, but he was found and he was just killed on the spot with a missile. u.s. citizen. then a month later, we killed his 16-year-old son too. also an american citizen. same cause of death. we have done things in the past decade or so that if you asked anybody in advance of us starting to behave this way, whether the united states would be a country that behaved...
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Dec 1, 2012
12/12
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the jargon is complex and the government does not make this easy for students. >> arthel: but the government is trying to help. we have to go, but the government is trying to help to make college accessible to so many people 'cause without some of these low rate loans, lot of people won't get a shot at college. >> yes. but where we need help is in terms of the repayment program. indeed, the government is helping. >> arthel: okay. it's a little complicated and we're glad that you're here to sort of walk us through this. you can go to lexion capital management for more information and the information on-line. thank you very much. >> thank you. >> arthel: rick, you have a lot of student loans ahead of you. >> rick: we sure do. coming up, we've got a few years to save up for. ♪ . >> rick: scenes from a ceremony marking the retirement of a notable vessel, the uss enterprise, now out of active service, ending its career during the ceremony in norfolk beach, virginia, more than 12,000 people attending. the enterprise, 51 years old. she has served in every major conflict since the cuban missile cr
the jargon is complex and the government does not make this easy for students. >> arthel: but the government is trying to help. we have to go, but the government is trying to help to make college accessible to so many people 'cause without some of these low rate loans, lot of people won't get a shot at college. >> yes. but where we need help is in terms of the repayment program. indeed, the government is helping. >> arthel: okay. it's a little complicated and we're glad that...
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Dec 3, 2012
12/12
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. >> it's very important that people think about the fact that in theory americans like small government. but in practice when you start talking about popular programs, they get very, very snippy about you threatening to cut anything. so what we have here is a situation where they've taken -- the republicans have taken away the presidential talking point of, well, republicans don't have a plan. but they have not taken away the talking point of, well, republicans want to cut all this so that they can keep tax cuts for the wealthiest americans. and until they address that issue, i think from a perform r standpoint this could remain politically disastrous for them. >> now, ezra, they keep talking, they being the republicans, like this was a status quo election. but you wrote today that they are in a weaker position this time around and know it. you wrote, boehner opens his latest letter by reminding the president that 2012 was a status quo election in which both you and the republican in the minority in the house were re-elected. that's technically true and in every other way incorrect. the
. >> it's very important that people think about the fact that in theory americans like small government. but in practice when you start talking about popular programs, they get very, very snippy about you threatening to cut anything. so what we have here is a situation where they've taken -- the republicans have taken away the presidential talking point of, well, republicans don't have a plan. but they have not taken away the talking point of, well, republicans want to cut all this so...
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Nov 30, 2012
11/12
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CNBC
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however, i think that if the greek government proceeds with the necessary deep reforms and for example, dispensing with red tape and introducing the red carpet treatment for both local and foreign investors, via competitive tax system which is going to be voted in later on this month and the privatization scheme i think they will be on the right track. >> you're here for the ceremonial function of ringing the closing bell later today but you're really here to drum up investments in greece. why today, given all of the uncertainties, given the fact that the greek economy is floundering a bit, why would i choose to invest there now? >> tyler, think that the level of fragility as far as the greek economy is concerned is strengthened over the last few weeks and the fact that it seems certain now that we're going to remain within the eurozone, within the european union, it begins to alleviate any fears foreign investors would have as far as investing in greece. the major fear up to now is would they be investing in euros and collecting their profits in greek drachmas. you talk about no longe
however, i think that if the greek government proceeds with the necessary deep reforms and for example, dispensing with red tape and introducing the red carpet treatment for both local and foreign investors, via competitive tax system which is going to be voted in later on this month and the privatization scheme i think they will be on the right track. >> you're here for the ceremonial function of ringing the closing bell later today but you're really here to drum up investments in...
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john: not governments. >> nothing to do with government . and we actually agree about that i told you [laughter] john: un delighteded. how about the other issue. i am told there are food deserts' where poor people live and we have to invite supermarkets in, give them tax breaks or maybe pay for it because they cannot get fresh food. that is why they are fat. >> ever since, you know, that original ms. -- missed came out about the food doesn't we found out that by doing research it really was not true at all. and they actually do have the supermarkets. you still have a choice, and we are right back to where we go again. i want a ground surge of citizens out there who are highly enlightened about this too can finally get on out and do something for themselves. they are the ones with the choice here, and they need to be doing that for their families as well. john: voluntary. >> nutritionists. john: thank you. coming up, our taste test. to you prefer beef steak or zebra steak? our audience will weigh in. also, are you ready to eat some swine? [ap
john: not governments. >> nothing to do with government . and we actually agree about that i told you [laughter] john: un delighteded. how about the other issue. i am told there are food deserts' where poor people live and we have to invite supermarkets in, give them tax breaks or maybe pay for it because they cannot get fresh food. that is why they are fat. >> ever since, you know, that original ms. -- missed came out about the food doesn't we found out that by doing research it...
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Dec 7, 2012
12/12
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WTTG
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> mohammed morsi said he would not tolerate anyone trying to overthrow what he calls his legitimate government but the protestors say they'll continue. seven people are dead after violent clash this is week. >>> and historic visit by the leader of hamas to gaza tbeen e years. his party has been in control of the gaza strip for five years and he is arriving to mark the 25th anniversary of hamas' founding. >>> software mowing up john mcafee is back in jill after a brief trip to the hospital. he told the associated press he suffered chest pains but didn't believe he had a heart attack. this happened yesterday just hours after guatemalan officials rejected his bid for asylum. he was arrested for illegally entering the country on wednesday after weeks in hiding. he is a person of interest in the november killing of his american neighbor in belize. >>> a message from metro to some of its drivers, go to bed earlier. >>> what happened when one man tried to pull over a police officer. we'll see it. up next, we'll look at your weather and traffic as well. stay with us. oh, you have a a keurig vue brew?
> mohammed morsi said he would not tolerate anyone trying to overthrow what he calls his legitimate government but the protestors say they'll continue. seven people are dead after violent clash this is week. >>> and historic visit by the leader of hamas to gaza tbeen e years. his party has been in control of the gaza strip for five years and he is arriving to mark the 25th anniversary of hamas' founding. >>> software mowing up john mcafee is back in jill after a brief trip...
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Dec 5, 2012
12/12
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KPIX
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and i know that there are some individuals who don't trust government who don't trust law enforcement. and i don't know how we can ever convince them. >> reporter: the public protection committee is expected to hold a public hearing sometime in january to take up the issue of drones. if the committee approved the drones it would go back to the board of supervisors for final approval. in berkeley, ann notarangelo, cbs 5. >> thank you. >> reporter: it will take some time for debate and talk. >> ann notarangelo, thank you. >>> muni passes will soon be free to low income teenagers in san francisco. san francisco transportation official approved the $1.6 million plan this afternoon. it should go into effect by next march. the program will run for 16 months. it's designed to help low income youth younger than 18 years old. >> this is really about equity. this is really about providing opportunity to our youth in the city. >> meanwhile, muni service was back to normal today after a trolley car hit a woman in a wheelchair last night leaving her with life-threatening injuries. and a blown tran
and i know that there are some individuals who don't trust government who don't trust law enforcement. and i don't know how we can ever convince them. >> reporter: the public protection committee is expected to hold a public hearing sometime in january to take up the issue of drones. if the committee approved the drones it would go back to the board of supervisors for final approval. in berkeley, ann notarangelo, cbs 5. >> thank you. >> reporter: it will take some time for...
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twenty-seven regular government schools get results because they are a government monopoly of almost always do a lousy job. up against the education blob that his job of the hunt teachers' union comment janitor union, bureaucrats they're resist change that is why -- while i was excited charters schools. schools could experiment the parents would see how much better it could be and kids would benefit from the innovation. it is not happening. sometimes. but the center for education reform says the charter movement has gone wrong. what happened is an example. >> my group have put together an application to start a charter school and we have been repeatedly stonewalled 57 because of your own daughter's experience you've got together with people and said we will start a charter. >> the first application was 100 pages could. denied. >> they said there was not a need we had typographical errors in the application. john: wouldn't mcdonald's like to say that to burger king? >> yes. john: you try again. >> we fixed them and we got more people involved and we needed to show more apparent suppor
twenty-seven regular government schools get results because they are a government monopoly of almost always do a lousy job. up against the education blob that his job of the hunt teachers' union comment janitor union, bureaucrats they're resist change that is why -- while i was excited charters schools. schools could experiment the parents would see how much better it could be and kids would benefit from the innovation. it is not happening. sometimes. but the center for education reform says...
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126
Dec 1, 2012
12/12
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MSNBCW
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they are against taxes because they think it fuels government, and they're against government. they're against compromise, particularly against compromise with this particular president for a whole host of reasons. and we have the same dynamic we had back in 2011 when john boehner i think left to his own devices would cut a deal within five minutes with the president -- >> let's talk about -- we disagree about the importance of the cliff. i think it's damn serious business because who knows what the world is going to react -- >> the market is not going to like it. >> we don't know. forget the market. the world economy -- my question is would the republican party like to go over the cliff hanging onto that 2% of rich people and say that's why they did it? can they live with themselves if they do that? >> in some ways the politics for boehner becomes easier, i don't like calling it a cliff, after you go down the slope or whatever you want to call it. >> why? >> because if nothing happens between now and the end of the year, all the tax cuts, poof, they disappear. you come back th
they are against taxes because they think it fuels government, and they're against government. they're against compromise, particularly against compromise with this particular president for a whole host of reasons. and we have the same dynamic we had back in 2011 when john boehner i think left to his own devices would cut a deal within five minutes with the president -- >> let's talk about -- we disagree about the importance of the cliff. i think it's damn serious business because who...
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i'm not a big government fan. if you catch say the euro train on the continent two hours from brussels, that's pretty good, if you want government spending, here's something to show for it. there's nothing to show for it here except the department of bureaucratic compliance. charles: this was a big beef with the stimulus package. they are like -- they built a bridge that took me to stuart and it took them two years to do it. charles: hold on a second. i have to go to nicole, a bank announced they are cutting 11,000 positions? they are repositioning the company? nicole, the question is what's with the stock? nicole: the stock is moving significantly, up about 4% on a day where banking index higher. citigroup announcing 11,000 job cuts, 4% of the workforce. the savings will be roughly 1.1 billion dollars. they will be taking some pretax charges to the fourth quarter earnings of a billion. but this is basically reducing excess. and we should note this is the first move by the new ceo, michael corbatt. everybody had b
i'm not a big government fan. if you catch say the euro train on the continent two hours from brussels, that's pretty good, if you want government spending, here's something to show for it. there's nothing to show for it here except the department of bureaucratic compliance. charles: this was a big beef with the stimulus package. they are like -- they built a bridge that took me to stuart and it took them two years to do it. charles: hold on a second. i have to go to nicole, a bank announced...
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the government was there to help citigroup and lend them a hand. is this new citigroup going to be a better citigroup? >> i certainly think there will be four more focus on generating the operating leverage in each of the individual businesses in the company has been for quite some time. in our view, citigroup's model for the past decade or so has really focused on growth and specifically within revenue growth. not so much within expense discipline. now you have two gentlemen that are focused making sure the expense dividend is part of the story. cheryl: we are so top-heavy covetous bureaucratic, too many middle managers and players. what do they need to do to deliver on the earnings per share and kind of get the taint off of the name citigroup. >> getting rid of what's referred to as taint is a long, slow process that won't be done in one press release or one day or one earnings announcement. i think the fact that you now have a new management team in place, a management team we believe is focused on generating cost savings. that in and of itself
the government was there to help citigroup and lend them a hand. is this new citigroup going to be a better citigroup? >> i certainly think there will be four more focus on generating the operating leverage in each of the individual businesses in the company has been for quite some time. in our view, citigroup's model for the past decade or so has really focused on growth and specifically within revenue growth. not so much within expense discipline. now you have two gentlemen that are...
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Dec 5, 2012
12/12
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CSPAN
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and smaller government. we will not do it by refusing to pay for the government we have, thinking the economy in the process. that would be a good start, as a backdrop. i want to touch on your question about corporate and individual taxes. the third piece is small businesses. we work out how to develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through messages with different groups of people is, while everybody is aware that the solution is going to take sacrifices from all sides, on spending, on revenues -- the confidence you get for putting the deal in place actually has tremendous economic benefits. the cheapest form of stimulus is confidence. if we can put that in place, and people believe something is going to stick, it becomes easier to do your part in all of this. if the moving pieces and revenue are there, do not underestimate the benefit of what the future holds. >> this ties into michael's point. the produc
and smaller government. we will not do it by refusing to pay for the government we have, thinking the economy in the process. that would be a good start, as a backdrop. i want to touch on your question about corporate and individual taxes. the third piece is small businesses. we work out how to develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through messages with different groups of people is, while...
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Dec 5, 2012
12/12
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CNBC
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still it heightens the pressure whose founder steve cohen has been personally implicated in a government case alleges insider trading. cnbc was first to report on a investor redemption, and since then at least one other big -- has followed suit. other investors are showing concern and we may see more outflowing given the next redemption is around february 15th y thbs has learned the flagship is up nearly 12% year to date against an average head fudge return of about 2%, 3% overall. add the fact that cohen has said he's confident that he and his company has named appropriately, there's still quite a lot arguing for these guys. >> important to note when we do this story every time. cohen himself hasn't been charged. >> correct. >> s.a.c. hasn't been accused. >> only a subsidiary uchbt. >> this was a former portfolio manager who worked for that unit. >> correct. >> at what point -- who has to pull their money for it to get people to notice. >> here's the key point. all of this has symbolic value, and i think this has turned a corner for people psychologically. i do have cohen allegedly invo
still it heightens the pressure whose founder steve cohen has been personally implicated in a government case alleges insider trading. cnbc was first to report on a investor redemption, and since then at least one other big -- has followed suit. other investors are showing concern and we may see more outflowing given the next redemption is around february 15th y thbs has learned the flagship is up nearly 12% year to date against an average head fudge return of about 2%, 3% overall. add the fact...
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government services are starting to get cut in cities in calirnia . so i tell you, it doesn't cut it when you have things like let's raise the retirement age to age 52. >> the fact is, these things are going broke. right now the budget26 percent of la's budget is consumed by the budget cuts and what are you going to do? >> i agree. there is it a problem with pensions . they are underfunded and we need to do something about it and the big thing here dav, let's be fair and they are benefits that a promised to the employees and we nide to make them whole and they were promed in llieu of pay. >> mike, no one is talking about taking away what was promised. this was for new employees and going into the future. one of the things this will stop david is the way politicians get taxpayers to sign off on the pensions. only so much in salary and we are going to make up the difference and benefits with investment returns . they don't materialize you get situations like california. in california they are shutting down entire strites. >> i think everybody we have to
government services are starting to get cut in cities in calirnia . so i tell you, it doesn't cut it when you have things like let's raise the retirement age to age 52. >> the fact is, these things are going broke. right now the budget26 percent of la's budget is consumed by the budget cuts and what are you going to do? >> i agree. there is it a problem with pensions . they are underfunded and we need to do something about it and the big thing here dav, let's be fair and they are...
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Nov 29, 2012
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rather than to shrink the government and lower entitlement and put the government back in the confines of the constitution and let hard working americans to keep their money they will vote to raise taxings. they should remember a very famous pledge made by a very famous and well liked republican. do ow remember this. read my lipps. no new taxes . and when he violated that pledge. the voters threw him out of the white house. >> steve: but at this stage in the negotiations, john boehner made it clear. he will not raise the tax rates. he's looking at other way to raise revenue. we don't need to raise the rates close to 40 percent. >> they are saying that. they are disingenous. >> i respect in negotiation you take positions that you don't expect to end up with. lind an johnson said never watch them make sausage or legislation because give and take is unpleasant they talk about not raising rates and getting ritted of deductions. what ever takes more money from the hard working americans and gives it to the government and gives it to the consuming part of society. that doesn't cause prosperi
rather than to shrink the government and lower entitlement and put the government back in the confines of the constitution and let hard working americans to keep their money they will vote to raise taxings. they should remember a very famous pledge made by a very famous and well liked republican. do ow remember this. read my lipps. no new taxes . and when he violated that pledge. the voters threw him out of the white house. >> steve: but at this stage in the negotiations, john boehner...
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it is it state government and federal government funded by the lottery. there is a defense between taxes that are forced and lotter which i it. >>> and i think the point. >> there is no way. if you make it vuntary. >> i can't hear anybody! >> and the bigger point here, you got to start somewhere. anybody who comes wup a solution. if it doesn't cover the full pad they slam it down and they say it will not work it is all about the baby steps. we are so screwed up. >> i disagree with that. >> a two dollar lottery. why is it ridiculous julian. >> you are talking about raising billionsnd we have to raise four trillion. >> that's not the only thing to do. >> it is it nolt. we'll not have a cookie today because i am trying not lose five pounds for the moll day. >> it is not funny. the fact of the matter we are taking big steps this is between two or three trillion debt reduction package. it is significant things. we are nolt dealing with serious other thans right now. we are throwing big nbc out there. three trillion over three years and why not hundred years an
it is it state government and federal government funded by the lottery. there is a defense between taxes that are forced and lotter which i it. >>> and i think the point. >> there is no way. if you make it vuntary. >> i can't hear anybody! >> and the bigger point here, you got to start somewhere. anybody who comes wup a solution. if it doesn't cover the full pad they slam it down and they say it will not work it is all about the baby steps. we are so screwed up....
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Nov 30, 2012
11/12
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FBC
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the concern is government over hang but the government will get out quickly now that the election is past, once morsi 8 is off of the job the new guy is going to say now we can sell the losses on tim geithner's books and so i like aig for the long term. cheryl: whoever is the next tim geithner, you never know. we were talking about the dividend payers and focus on dividend payers because of potential for 39% hit on taxes, 43% pretending to make more. at the same time you are saying the stocks of the dividend payers and chevron and honda and you like these bigger names, stock names. >> we're looking at valuations, a good valuations there, not just dividend by themselves. if they don't have the earnings that will honor the dividend doesn't matter. cheryl: great way to end. thank you very much. coming up, the fiscal cliff survival kit will be continuing to take right now to save money. dennis: doing a little ventriloquism. cheryl: you will thinking of those great points. dennis: not just real change but loose change, coins in my pocket and now it is worse. the u.s. wants to replace the
the concern is government over hang but the government will get out quickly now that the election is past, once morsi 8 is off of the job the new guy is going to say now we can sell the losses on tim geithner's books and so i like aig for the long term. cheryl: whoever is the next tim geithner, you never know. we were talking about the dividend payers and focus on dividend payers because of potential for 39% hit on taxes, 43% pretending to make more. at the same time you are saying the stocks...
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i don't think californians are against government order paying taxes. they arere just cynical the government is not being honest or responsible. we just hope and pray that they are going to do the right thing. neil: things have to be rally bad when you would leave a beautiful state like that and go -o nevada. 250 degrees in the summer -- things are so bad that you believe that, leave your beautiful state to go essentially insinuate >> thank you for having me. neil: the focus on income taxes and what's going to happen, we've been talking about that. you know, a lot of these taxes are going to soar at th stroke of midnight on jnuary 1. ben stein says that that is the armageddon you should be hearing. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle that's just right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 c250 for $349 a month at your local mercedes-benz dealer. at your local [ female announcer ] some people like to pretend a flood cou
i don't think californians are against government order paying taxes. they arere just cynical the government is not being honest or responsible. we just hope and pray that they are going to do the right thing. neil: things have to be rally bad when you would leave a beautiful state like that and go -o nevada. 250 degrees in the summer -- things are so bad that you believe that, leave your beautiful state to go essentially insinuate >> thank you for having me. neil: the focus on income...
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Dec 6, 2012
12/12
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they don't like the government. >> and i don't suppose the government is anything anybody would ever want to strangle in the bathtub. >> stephanie: no. all right. let's dive in to right-wing world. [♪ circus music ♪] >> stephanie: all right. rush limbaugh. >> folks i'm a little worn-out fed up and very inpatient with these ongoing assaults on the people who work in this country. the current disaster is not teaching people a lesson, nothing will. we're not teaching people to be productive, and instead we're teaching them that there is nothing wrong with being slovenly. it is stupid, it's what they did in the soviet union. kill ambition. to hell with that. >> stephanie: wow, someone is getting a little upset about losing their spare oxycontin stash. lots of people have proposed 100% tax rate. that's exactly what is on the table. >> you can't expect rush logic to enter into reality. >> stephanie: yes, and liberalism is to blame. [ bell chimes ] [ applause ] >> how? so -- >> stephanie: doesn't matter jim. and also rush limbaugh marriage expert had something to do with they are not ma
they don't like the government. >> and i don't suppose the government is anything anybody would ever want to strangle in the bathtub. >> stephanie: no. all right. let's dive in to right-wing world. [♪ circus music ♪] >> stephanie: all right. rush limbaugh. >> folks i'm a little worn-out fed up and very inpatient with these ongoing assaults on the people who work in this country. the current disaster is not teaching people a lesson, nothing will. we're not teaching...
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Dec 7, 2012
12/12
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or who are working for the massive government apparatus. during this christmas season we all should emulate officer deprimo. that help may be futile. if the federal government doesn't wise up and impose some discipline on the incredible, incredible entitlement spending, america's economy will eventually collapse: president obama needs to invite jeffrey hillman to the white house. he needs to talk to the man with no shoes. he needs to see what is actually happening in this country. got to get real about government spending. and that's the memo. now for the top story tonight and this is incredible. the pennsylvania department of public welfare says that a single mother with two children is better off taking a job that pays $29,000 a year than a job that pays $69,000 a year. why? because of entitlements. joining us now from our new york studio fox business anchor lou dobbs. so, lou, explain, this please. >> well, bill, first i think we have got to give great credit as you mention to the department of public welfare in pennsylvania they are bei
or who are working for the massive government apparatus. during this christmas season we all should emulate officer deprimo. that help may be futile. if the federal government doesn't wise up and impose some discipline on the incredible, incredible entitlement spending, america's economy will eventually collapse: president obama needs to invite jeffrey hillman to the white house. he needs to talk to the man with no shoes. he needs to see what is actually happening in this country. got to get...
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Nov 29, 2012
11/12
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CNBC
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in celebration of over 75 years of our government employees insurance company, or geico...as most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking news. the gecko is demanding free pudding. and political parties that are actual parties!? with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. at merrill lynch, we understand the importance of your goals. today, our financial advisors lead from a new position of strength. together with bank of america, they have access to more resources than ever before. a steadfast commitment to help you achieve your financial goals in life. that's the power of the right advisor. that's merrill lynch. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide
in celebration of over 75 years of our government employees insurance company, or geico...as most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking news. the gecko is demanding free pudding. and political parties that are actual parties!? with cake! and presents! ah, that was good. too bad nobody could hear me. geico. fifteen minutes could save you fifteen percent or more on car insurance. at merrill lynch, we...
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Nov 29, 2012
11/12
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big parts of that was government spending at the federal side. also you had inventories go up. what you didn't have is -- we marked down consumer spending and business spending was negative. i want to do 3%, 3.5%, 4% with strong consumer spending and strong business spending. those will be a sustainable path for the economy. >> can't let you go without a little fed speak. mr. dudley, new york fed chief, speaking this morning. >> some important comments. hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse than first anticipated. that's something we've been talking a lot about. original number was $50 billion. it's in the $70 billion to $90 billion range. it is probably going to shave a quarter to half a point off gdp. you talked about the fiscal cliff which he says congress and the president must address. he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thi
big parts of that was government spending at the federal side. also you had inventories go up. what you didn't have is -- we marked down consumer spending and business spending was negative. i want to do 3%, 3.5%, 4% with strong consumer spending and strong business spending. those will be a sustainable path for the economy. >> can't let you go without a little fed speak. mr. dudley, new york fed chief, speaking this morning. >> some important comments. hurricane sandy was directly...
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the government will never create the number of jobs needed to put america back to work. connell: paul conway, thank you. appreciate you coming on. dagen: scott bloch is joining us now from boston. you look at the nasdaq and the broad market measured by the s&p 500 last year. double-digit gains by both. is that not wanted? >> well, it is. multiples are cheap. even if we look today on yesterday's close. the problems are the corporate earnings really starting to head down. the latest reported s&p earnings were down. that is the first drop since the bottom of the 08 market. truthfully, some of the estimates for next year, $113 on the s&p. i do not see a lot of growth in earnings next year. it does not bode well. it is hard to be very bullish on the market as a whole. dagen: that he's starts to shrink and stocks all of a sudden look a lot more expensive. are you most concerned about what is happening here in the united states or what you see going on over in europe? what about here and our lack of action in washington? >> obviously, i am very concerned. it shows a lack of con
the government will never create the number of jobs needed to put america back to work. connell: paul conway, thank you. appreciate you coming on. dagen: scott bloch is joining us now from boston. you look at the nasdaq and the broad market measured by the s&p 500 last year. double-digit gains by both. is that not wanted? >> well, it is. multiples are cheap. even if we look today on yesterday's close. the problems are the corporate earnings really starting to head down. the latest...
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Dec 4, 2012
12/12
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we want to -- the government solves problems in texas. we want to do something in texas, it happens two or three times faster in texas than it does in, say, the state of california. >> mike, thank you very much. >> thank you. >> great seeing you guys this morning. >>> let's check the futures, traders focus on jobs this week as we get ready for the big employment report on friday. >>> coming up, becky's exclusive interview with brian moynihan. [ penélope ] i found the best cafe in the world. nespresso. where i never have to compromise on anything. ♪ where just one touch creates the perfect coffee. where every cappuccino and latte is only made with fresh milk. and where the staff is exceptionally friendly. ♪ nespresso. what else? melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you co
we want to -- the government solves problems in texas. we want to do something in texas, it happens two or three times faster in texas than it does in, say, the state of california. >> mike, thank you very much. >> thank you. >> great seeing you guys this morning. >>> let's check the futures, traders focus on jobs this week as we get ready for the big employment report on friday. >>> coming up, becky's exclusive interview with brian moynihan. [ penélope ] i...
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Dec 1, 2012
12/12
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sandy is not dramatically better than katrina in terms of performance of the federal government. when we developed a department of homeland security, the original idea was, you could have up to three nuclear events on the same day in three different cities and you better have an ability to mobilize to be able to help people, immediately. now you look at this event, you look at how badly it is done this is a perfect example of why the house republicans should be adopting an oversight strategy and a legislative strategy to find real solutions and say what should we be doing to fix a government that clearly don't work? >> sean: this is their role, you explained it in great detail. one of the most arrogant things, you talked about the president bullying. when he went out there and proposing that the congress give up their constitutional authority and hand him a blank cheque. we are about to hit a debt ceiling limit again and he gets to raise it at will what is your reaction to that? >> i wanna say something that will startle the washington establishment. the number one power of the h
sandy is not dramatically better than katrina in terms of performance of the federal government. when we developed a department of homeland security, the original idea was, you could have up to three nuclear events on the same day in three different cities and you better have an ability to mobilize to be able to help people, immediately. now you look at this event, you look at how badly it is done this is a perfect example of why the house republicans should be adopting an oversight strategy...
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i wonder whether the country is shifted to -- yeah we like government, the more the better, shut up. >> you areargely correct. the point is, weave 48 or 49% of country getting direct benefits from government, and8 or 49% paying no tes. think of the republican constituents, a lot are seniors, they depend on social security some medicare, and republicans saying we'll give you tax incrses and shave back social seccrity and shave backk medicare. to what constituency are they appealing? a couple making a hundred thousand a year, 2,000-dollars ght off th top, a huge share of theiriscretionary income, republican party will have t go back to the drawing board, and decide who and what it is, and whom it reprents. neil: i have to get -- the a backbone first. >> thank you, patrick. >> thank you. neil: taxes areo high here that companies stash cash everywhere but here, ralph nader on the money drain that is causing us a lot of pain. want to try to crack it? yeah, that'she way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and pers
i wonder whether the country is shifted to -- yeah we like government, the more the better, shut up. >> you areargely correct. the point is, weave 48 or 49% of country getting direct benefits from government, and8 or 49% paying no tes. think of the republican constituents, a lot are seniors, they depend on social security some medicare, and republicans saying we'll give you tax incrses and shave back social seccrity and shave backk medicare. to what constituency are they appealing? a...
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Dec 2, 2012
12/12
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they're against taxes because they think it fuels government and they're against government. they're against compromise -- they're particularly compromised with this particular president for a whole host of reasons. we have the same dynamic. we had back in 2011 when john boehner, i think, left to his own devices would cut a deal with the president in five minutes. >> let's stop for a second. i think they're darn serious. who knows what the world's going to react to this. we don't know. we don't know. forget the market. the world economy doesn't know. my question is this. would the republican party like to go over the cliff hanging onto that 2% rich people and say that's why they did it? can they live with themselves if they do it? >> they have -- in some ways the politics for boehner becomes easier. i don't like to call it a cliff. after they go down the slope. >> why? >> because if nothing happens between now and the oerchd the year, all the tax cuts, puff, they disappear. you come back the first week in january and you pass a bill and then the tee partiers, boehner can make
they're against taxes because they think it fuels government and they're against government. they're against compromise -- they're particularly compromised with this particular president for a whole host of reasons. we have the same dynamic. we had back in 2011 when john boehner, i think, left to his own devices would cut a deal with the president in five minutes. >> let's stop for a second. i think they're darn serious. who knows what the world's going to react to this. we don't know. we...
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how the federal government helps with each and every day. thank you for coming on the show tonight, it's great having her >> always a pleasure. gerri: still to come, almost free holiday travel. reaching new highs this week. should the government get out of the loan business? the loan business? we have a debate coming up.en w. i had three kids. and she bebecame the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. gerri: a ticking timebomb inside the federal budget. putting taxpayers on the hook for billions of dollars. student loans, that's what i'm talking about. escalating with delinquency rates hitting an all-time high. outstripping any other consumer debt. our student loans getting out of control? thank you for joining us. we really appreciate your time. the president is talking about higher education and how it should be an economic imperative. listen to this. >> a
how the federal government helps with each and every day. thank you for coming on the show tonight, it's great having her >> always a pleasure. gerri: still to come, almost free holiday travel. reaching new highs this week. should the government get out of the loan business? the loan business? we have a debate coming up.en w. i had three kids. and she bebecame the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go...
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what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve cohen, there is no more remarkable trader out there than this guy. say what you want to about him. if you look at his returns, i think he started in 92, one down here. he is up this year, so far, 10%. that is why the feds are after him. i have been speaking to a lot of people with the fpi. long-term returns, consistent and less volatility. what they do, generally, they look at returns, pretty much steady returns, not a lot of volatility. you look at steve collins return, one down year. you look at warren buffett. he destroys profits over that peri
what is the government's (in nailing steve cohen? charlie: i do not think people are focused on the fiscal cliff. they will not be focused until you see the market sell off. the market believes there will be a deal. until the market trade-off -- adam: we have a guest who will be talking about that a little later on as we get closer to the end of the year. the investigation is still underway. charlie: when you see the market trade-off you watch people freak out. interesting thing about steve...
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Dec 4, 2012
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government is coming up with a treaty. the voices of internet companies and internet providers not being heard in this conference. there's a lot of opposition. >> it's not al gore? >> it's not al gore. >> there is a price to happiness. >> there is a price to happiness. used to pay 75,000 bucks. people in 13 countries. the average price globally in order to be happy 151,810 bucks. if you are wondering where you need the most money to be happy? due by hong kong 197,000, mexico, mexico 185,000 and italy 175,000. the places where you need the least money to be happy germany $8,500. united states is not part of that survey. we were surveyed you need to be wealthy most americans said $1 million. >> more money doesn't give you happiness, it just gives you more money. >> yahoo top searchs for 2012. >> what do you think the answer is? >> i already know the answer. >> it was the election. take a look at the other top searchers. is iphone 5. got one. love it. kim kardashian. one of our makeup artist thinks parts of cardian are not re
government is coming up with a treaty. the voices of internet companies and internet providers not being heard in this conference. there's a lot of opposition. >> it's not al gore? >> it's not al gore. >> there is a price to happiness. >> there is a price to happiness. used to pay 75,000 bucks. people in 13 countries. the average price globally in order to be happy 151,810 bucks. if you are wondering where you need the most money to be happy? due by hong kong 197,000,...
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Dec 7, 2012
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it is important to note no fund governmenting is behind it. >> this is a totally private sector effort to start-up america partners. the jobs act passed by partisan support and the need for bipartisan support around high-skilled immigration in particularpy half of the people coming to our universities for advanced degrees, ph.ds and masters are from other countries but all too often once we give them degrees we kick them out of the country and force them back to their country and they start companies there that compete with companies here. that's a big focus in washington and hopefully there will be broad bisupport when the congress reassembles in jn after they get through the whole fiscal cliff issue and focus on making sure we have the right entrepreneur policies so we can remain the world's most trurl nation. that's what will drive economic growth up from 2%, driving unemployment down from 8% or so. that will ensure our competitiveness in what's now a more competitive world. we have to double down on entrepreneurs. it is the secret sauce that's built the american economy. >> what ab
it is important to note no fund governmenting is behind it. >> this is a totally private sector effort to start-up america partners. the jobs act passed by partisan support and the need for bipartisan support around high-skilled immigration in particularpy half of the people coming to our universities for advanced degrees, ph.ds and masters are from other countries but all too often once we give them degrees we kick them out of the country and force them back to their country and they...
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. >>> the government releasing the month li jobs report. bettering that expected. the unemployment rate dropping to a four-year low. though some people did stop looking for work. hurricane sandy did disrupt hiring. but not as badly as expected. >>> and a major blow to union rights in michigan. republican lawmakers there have pushed through right-to-work bills. hundreds of activists stormed the capitol, protesting the legislation, which would ban unions from requiring employees to pay fees. >>> and a frightening scene for holiday shoppers this morning. an escalator at a macy's in suburban seattle malfunctioned. breaking apart and leaving four people slightly injured, including two toddlers. officials there say a mechanical failure is to blame. >>> and finally, perhaps, if nothing else, evidence that someone up there must be watching. look at what happens when a tennessee jewelry store clerk tries to make a sale. out of nowhere, that's an suv, through the front glass. nearly taking out both clerk and customer. both were shaken up. but remarkably, best news of all, no
. >>> the government releasing the month li jobs report. bettering that expected. the unemployment rate dropping to a four-year low. though some people did stop looking for work. hurricane sandy did disrupt hiring. but not as badly as expected. >>> and a major blow to union rights in michigan. republican lawmakers there have pushed through right-to-work bills. hundreds of activists stormed the capitol, protesting the legislation, which would ban unions from requiring employees...